Pirelli & C SPA
Pirelli & C. S.p.A. manufactures and supplies tires for cars, motorcycles, and bicycles in Europe, North America, the Asia-Pacific, South America, Russia, and the MEAI. It offers car tires under the P ZERO, Cinturato, Scorpion, Winter Sottozero, Ice, and Carrier brand names; and motorcycle tires under the DIABLO Superbike, DIABLO SUPERCORSA SP, Diablo Rosso Corsa II, Diablo Rosso Scooter, ANGEL G… Read more
Pirelli & C SPA (2PI) - Net Assets
Latest net assets as of September 2025: €5.86 Billion EUR
Based on the latest financial reports, Pirelli & C SPA (2PI) has net assets worth €5.86 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€13.12 Billion) and total liabilities (€7.27 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.86 Billion |
| % of Total Assets | 44.64% |
| Annual Growth Rate | 7.66% |
| 5-Year Change | 29.89% |
| 10-Year Change | N/A |
| Growth Volatility | 8.76 |
Pirelli & C SPA - Net Assets Trend (2016–2024)
This chart illustrates how Pirelli & C SPA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pirelli & C SPA (2016–2024)
The table below shows the annual net assets of Pirelli & C SPA from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €5.91 Billion | +5.21% |
| 2023-12-31 | €5.62 Billion | +3.04% |
| 2022-12-31 | €5.45 Billion | +8.15% |
| 2021-12-31 | €5.04 Billion | +10.78% |
| 2020-12-31 | €4.55 Billion | -5.69% |
| 2019-12-31 | €4.83 Billion | +6.06% |
| 2018-12-31 | €4.55 Billion | +8.95% |
| 2017-12-31 | €4.18 Billion | +27.55% |
| 2016-12-31 | €3.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pirelli & C SPA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 246.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €467.98 Million | 8.13% |
| Other Components | €5.29 Billion | 91.87% |
| Total Equity | €5.76 Billion | 100.00% |
Pirelli & C SPA Competitors by Market Cap
The table below lists competitors of Pirelli & C SPA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ATS Corporation
NYSE:ATS
|
$2.16 Billion |
|
Alfa S.A.B. de C.V
PINK:ALFFF
|
$2.16 Billion |
|
Investment and Industrial Development Joint Stock Corp
VN:BCM
|
$2.17 Billion |
|
Sumitomo Bakelite Company Limited
MU:SZ8
|
$2.17 Billion |
|
Shenzhen Goodix Technology Co Ltd Class A
SHG:603160
|
$2.16 Billion |
|
Big Yellow Group Plc
PINK:BYLOF
|
$2.16 Billion |
|
Longfor Group Holdings Limited
PINK:LNGPF
|
$2.16 Billion |
|
Oncosil Medical Ltd
AU:OSLDA
|
$2.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pirelli & C SPA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,494,393,000 to 5,756,071,000, a change of 261,678,000 (4.8%).
- Net income of 467,981,000 contributed positively to equity growth.
- Dividend payments of 204,400,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €467.98 Million | +8.13% |
| Dividends Paid | €204.40 Million | -3.55% |
| Other Changes | €-1.90 Million | -0.03% |
| Total Change | €- | 4.76% |
Book Value vs Market Value Analysis
This analysis compares Pirelli & C SPA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.40x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.12 | €5.75 | x |
| 2018-12-31 | €4.47 | €5.75 | x |
| 2019-12-31 | €4.72 | €5.75 | x |
| 2020-12-31 | €4.45 | €5.75 | x |
| 2021-12-31 | €4.91 | €5.75 | x |
| 2022-12-31 | €5.32 | €5.75 | x |
| 2023-12-31 | €5.49 | €5.75 | x |
| 2024-12-31 | €5.76 | €5.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pirelli & C SPA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.91%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.38x
- Recent ROE (8.13%) is above the historical average (6.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.31% | 2.23% | 0.42x | 4.58x | €-178.35 Million |
| 2017 | 4.28% | 3.30% | 0.42x | 3.09x | €-235.28 Million |
| 2018 | 9.66% | 8.31% | 0.40x | 2.92x | €-15.21 Million |
| 2019 | 9.27% | 8.23% | 0.38x | 2.94x | €-34.31 Million |
| 2020 | 0.67% | 0.69% | 0.31x | 3.09x | €-414.96 Million |
| 2021 | 6.17% | 5.68% | 0.38x | 2.83x | €-188.02 Million |
| 2022 | 7.85% | 6.31% | 0.48x | 2.61x | €-114.62 Million |
| 2023 | 8.72% | 7.20% | 0.49x | 2.46x | €-70.36 Million |
| 2024 | 8.13% | 6.91% | 0.50x | 2.38x | €-107.63 Million |
Industry Comparison
This section compares Pirelli & C SPA's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $52,622,194,556
- Average return on equity (ROE) among peers: 3.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pirelli & C SPA (2PI) | €5.86 Billion | 4.31% | 1.24x | $2.16 Billion |
| Sumitomo Rubber Industries Ltd (108) | $467.10 Billion | 4.84% | 1.09x | $2.09 Billion |
| Indel B S.p.A (2I6) | $127.10 Million | 8.21% | 0.75x | $24.38 Million |
| 9FS1 (9FS1) | $-26.41 Million | 0.00% | 0.00x | $10.52 Million |
| Acma Ltd (AAX1) | $2.64 Million | 24.39% | 2.34x | $1.11 Million |
| AUMOVIO N (AMV0) | $4.35 Billion | -23.28% | 4.67x | $357.76K |
| Bertrandt Aktiengesellschaft (BDT) | $51.55 Million | 3.92% | 1.48x | $64.88 Million |
| CIR S.p.A. - Compagnie Industriali Riunite (BN7) | $1.07 Billion | 12.35% | 1.58x | $318.19 Million |
| Cooper-Standard Holdings Inc (C31) | $875.98 Million | 7.71% | 2.01x | $413.09 Million |
| Delticom AG (DEX) | $49.25 Million | -2.95% | 3.72x | $17.82 Million |